54,043 Shares in Intercorp Financial Services Inc. $IFS Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 54,043 shares of Intercorp Financial Services in the second quarter, valued at approximately $3.1 million. Several other institutional investors also increased their positions.
• Analyst sentiment remains positive, with the stock carrying an average “Buy” rating and a consensus price target of $62.00, despite mixed individual recommendations.
• Intercorp Financial Services reported quarterly EPS of $1.53, exceeding estimates of $1.45, while revenue reached $554.15 million versus the $520.46 million consensus forecast. Shares opened at $55.57 and were down 1.3%.

Public Employees Retirement System of Ohio acquired a new stake in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,043 shares of the company's stock, valued at approximately $3,078,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in Intercorp Financial Services by 106.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company's stock valued at $32,000 after purchasing an additional 384 shares during the last quarter. Geode Capital Management LLC increased its holdings in Intercorp Financial Services by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 23,608 shares of the company's stock worth $1,000,000 after purchasing an additional 1,274 shares during the last quarter. Sei Investments Co. raised its position in shares of Intercorp Financial Services by 14.0% in the 1st quarter. Sei Investments Co. now owns 21,337 shares of the company's stock valued at $1,071,000 after purchasing an additional 2,618 shares in the last quarter. Employees Retirement System of Texas raised its position in shares of Intercorp Financial Services by 47.6% in the 4th quarter. Employees Retirement System of Texas now owns 9,761 shares of the company's stock valued at $413,000 after purchasing an additional 3,149 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Intercorp Financial Services by 14.4% in the 3rd quarter. Boston Partners now owns 25,508 shares of the company's stock valued at $1,029,000 after purchasing an additional 3,210 shares in the last quarter.

Wall Street Analysts Forecast Growth

IFS has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Intercorp Financial Services from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Zacks Research upgraded shares of Intercorp Financial Services from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Intercorp Financial Services from $56.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, August 27th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Intercorp Financial Services in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $62.00.

Intercorp Financial Services Trading Down 1.3%

Shares of IFS stock opened at $55.57 on Friday. The business's 50 day moving average is $57.31 and its two-hundred day moving average is $51.86. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.59. Intercorp Financial Services Inc. has a 12 month low of $38.29 and a 12 month high of $61.38. The company has a market cap of $6.17 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.73 and a beta of 0.78.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.08. The business had revenue of $554.15 million for the quarter, compared to analyst estimates of $520.46 million. Intercorp Financial Services had a return on equity of 17.06% and a net margin of 34.81%. Equities analysts predict that Intercorp Financial Services Inc. will post 6.11 EPS for the current year.

Intercorp Financial Services Profile

Intercorp Financial Services NYSE: IFS is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company's core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.

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